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You deposit $2000 into an account earning 5% interest compounded quarterly. To the nearest dollar, what is the balance after 4 years?

You deposit $2000 into an account earning 5% interest compounded quarterly. To the nearest dollar, what is the balance after 4 years?
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You deposit $2000 into an account earning 5% interest compounded quarterly. To the nearest dollar, what is the balance after 4 years?

User Evgen Filatov
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1 Answer

2 votes

Answer:

$1000

Explanation:

User Pazams
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